Volatility Shares Trust XRP ETF (XRPI) Stock Price, Quote, News & History | Benzinga

The Fund is an exchange-traded fund (ETF) that seeks to achieve its investment objective primarily through managed exposure to XRP futures contracts that trade only on an exchange registered with the CFTC (XRP Futures Contracts), and cash, cash-like instruments or high-quality securities that serve as collateral to the Funds investments in XRP Futures Contracts (Collateral Investments). In seeking its investment objective, the Fund seeks to participate in 100 percent of the returns of XRP. For this purpose, under normal circumstances, the Fund will use the price of XRP that is reflected in the next, or second to next, expiring XRP Futures Contract. If the Fund invests in other XRP-Linked Instruments (defined below), the value of XRP will be determined by an average of how XRP is valued in the financial instruments in which the Fund invests.